Gartner (NYSE:IT) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner (NYSE:IT - Get Free Report) in a report released on Tuesday, Marketbeat Ratings reports. The brokerage set a "hold" rating and a $507.00 price target on the information technology services provider's stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 10.59% from the company's previous close.

Several other equities analysts have also commented on the stock. UBS Group raised shares of Gartner from a "neutral" rating to a "buy" rating and upped their price target for the stock from $484.00 to $550.00 in a research report on Thursday, April 11th. BMO Capital Markets upped their price target on shares of Gartner from $444.00 to $450.00 and gave the stock a "market perform" rating in a research report on Thursday, February 8th. Morgan Stanley upped their price target on shares of Gartner from $421.00 to $446.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 6th. Finally, StockNews.com downgraded shares of Gartner from a "buy" rating to a "hold" rating in a research note on Saturday, February 10th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $477.60.

Gartner Trading Down 1.1 %

Shares of NYSE:IT traded down $5.13 during trading on Tuesday, reaching $458.46. The stock had a trading volume of 496,745 shares, compared to its average volume of 389,414. Gartner has a fifty-two week low of $292.60 and a fifty-two week high of $486.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60. The business has a fifty day moving average price of $465.67 and a 200-day moving average price of $433.60. The stock has a market cap of $35.75 billion, a P/E ratio of 41.45, a PEG ratio of 4.25 and a beta of 1.29.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, topping the consensus estimate of $2.83 by $0.21. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the business posted $3.70 earnings per share. Gartner's revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts anticipate that Gartner will post 11.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director James C. Smith sold 10,000 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $459.68, for a total value of $4,596,800.00. Following the completion of the transaction, the director now directly owns 623,235 shares in the company, valued at $286,488,664.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Valentin Sribar sold 682 shares of the company's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at $5,557,857. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James C. Smith sold 10,000 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $459.68, for a total transaction of $4,596,800.00. Following the completion of the transaction, the director now owns 623,235 shares of the company's stock, valued at $286,488,664.80. The disclosure for this sale can be found here. Insiders sold a total of 22,952 shares of company stock worth $10,598,070 over the last ninety days. 3.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Fox Run Management L.L.C. bought a new position in Gartner during the 3rd quarter valued at $230,000. RFG Advisory LLC boosted its stake in Gartner by 37.2% during the 4th quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider's stock valued at $717,000 after acquiring an additional 431 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Gartner by 169.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider's stock valued at $17,010,000 after acquiring an additional 23,701 shares during the last quarter. Chapin Davis Inc. bought a new position in Gartner during the 4th quarter valued at $960,000. Finally, Stifel Financial Corp raised its holdings in shares of Gartner by 32.6% during the third quarter. Stifel Financial Corp now owns 33,817 shares of the information technology services provider's stock worth $11,620,000 after purchasing an additional 8,319 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

About Gartner

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.